Asian-Pacific Markets Monday have grown mainly as investors estimated the announcement of the resignation of Japanese Prime Minister Shigeru Ishibe during the weekend and monitored key economic data in the region.
The Japanese Reference Index of Nikkei 225 increased by 1.5% after the Prime Minister, which followed the growing pressure due to his defeat in national elections at the end of last year. Topix climbed 1% on a record high level.
Koizumi Shinjiro, Minister of Agriculture and the Mini Prime Minister, is probably a candidate for the helm, wrote Stefan Angrick, the leader of the Japanese and Moody’s Border Economy in Moody’s Analytics, in Note Monday. Meanwhile, Takaichi Sanae, the protégé of the late Prime Minister Abea Shinz and second-placed on last year’s party elections, is also a key candidate.
Richard Kaye, a portfolio manager in Comgest, said the “very positive answer” market was “a little surprise”, but “reflects the excitement around Koizumi and Takaichi”.
Kaye pointed out that the potential heiress of Takaichi, who is interested in deregulation, and not to increase interest rates, “probably a candidate to encourage growth and will justify today’s market growth.”
Japanese yen weakened by 0.64% to 148.33 compared to US dollar, while Japanese bonds continued to fall, SEEbiz reports.
The yield of Japanese 30-year bonds increased by more than 4 base points to 3,272% after last Wednesday reached a record level, after increased by more than 100 base points this year. The yield to 20-year debt is higher by more than 3 base points and is 2,676%.
The yields of Japanese government bonds are new maximums as investors include persistent inflation, stricter monetary policy, as well as fiscal uncertainty.
“Japan is now ready for a period of extended uncertainty in the fourth quarter of 2025,” the BMI analysts wrote, Fitch Solutions Department. “Although the next LDP leader usually became the prime minister, it is theoretically possible that the opposition is united under the rival candidate for the Premiology.”
South Korean Kospi was 0.15% higher, while the male capitalization jumped 0.47%.
The Hong Kong Hang Seng Index increased by 0.23%, while the continental CSI has dropped by 0.3% after the road rose by 4.4% in US dollars, which is less than an estimate of the economists surveyed by the rise of 5.0%. Imports also increased less than expected due to the persistent decline in real estate market, growing job insecurities and other factors.
Australian Reference S & P / ASX 200 lost 0.38%.
